Sika Offers to Buy Founding Family's Controlling Stake

TODAY: April 19, 2015 PUB DATE: April 19, 2015

By John Revill ZURICH--Swiss chemicals company Sika AG has offered 2.25 billion Swiss francs ($2.36 billion) to buy its founding family's controlling stake, Swiss media reported Sunday, a move designed to scupper a hostile takeover by France's Saint-Gobain SA. The ...

China Cuts Banks' Reserve Ratio -- 2nd Update

TODAY: April 19, 2015 PUB DATE: April 19, 2015

By Lingling Wei BEIJING--China's central bank reduced the amount of reserves commercial banks are required to hold, freeing up about $200 billion for lending in the latest easing measure to shore up the world's second-largest economy. The People's Bank of ...

China Cuts Banks' Reserve Ratio -- Update

TODAY: April 19, 2015 PUB DATE: April 19, 2015

By William Kazer BEIJING--China's central bank cut the reserve requirement on bank deposits in a move to let banks lend more of their funds to struggling companies as the economy slows. The People's Bank of China said on Sunday it ...

ECB's Draghi Rejects Talk of Greek Exit -- Update

TODAY: April 19, 2015 PUB DATE: April 18, 2015

By Brian Blackstone And Ian Talley WASHINGTON--European Central Bank President Mario Draghi on Saturday rejected speculation that Greece may be forced to abandon the euro, reiterating that Europe's single currency is irrevocable. At a news conference during meetings here of ...

Obama Tries Tough Sale of Trade Deal to Fellow Democrats

TODAY: April 19, 2015 PUB DATE: April 18, 2015

By Colleen McCain Nelson And William Mauldin WASHINGTON--President Barack Obama defended his push Friday to strike a major trade deal with 11 Pacific nations as necessary to boost the economy and help working Americans, but acknowledged a tough battle ahead ...

Costco Raises Dividend, Reauthorizes Buybacks

TODAY: April 19, 2015 PUB DATE: April 18, 2015

Costco Wholesale Corp. said Friday that it is raising its quarterly dividend 13% and reauthorizing a $4 billion repurchase program, moves that follow what some analysts called one of its strongest quarters ever. The retailer is lifting its quarterly dividend ...

Stock Markets Around Globe Lose Their Footing

TODAY: April 19, 2015 PUB DATE: April 18, 2015

By Corrie Driebusch Stock markets from the U.S. to Europe to China took a beating on Friday on fresh fears about Greece and wobbly corporate earnings, with the Dow Jones Industrial Average giving up all but 3.23 points of its ...

ECB's Draghi Rejects Talk of Greek Exit

TODAY: April 19, 2015 PUB DATE: April 18, 2015

By Brian Blackstone WASHINGTON--European Central Bank President Mario Draghi rejected speculation that Greece may be forced to abandon the euro, reiterating that the single eurozone currency is irrevocable. At a news conference on Saturday during meetings of the International Monetary ...

U.S. Suggests Compromise on Iran Sanctions

TODAY: April 19, 2015 PUB DATE: April 18, 2015

By Carol E. Lee And Jay Solomon WASHINGTON--President Barack Obama suggested on Friday that Iran could receive significant economic relief immediately after concluding a deal to curb its nuclear program, a gesture towards one of Tehran's key demands. Mr. Obama ...

Costco Raises Dividend, Reauthorizes Repurchase Program

TODAY: April 19, 2015 PUB DATE: April 18, 2015

By Lisa Beilfuss Costco Wholesale Corp. said Friday that it is raising its quarterly dividend 13% and reauthorizing a $4 billion repurchase program, moves that follow what some analysts called one of its strongest quarters ever. The retailer is lifting ...

Senators Introduce 'Fast Track' Trade Bill -- Update

TODAY: April 19, 2015 PUB DATE: April 17, 2015

By William Mauldin WASHINGTON--A deal reached by lawmakers Thursday would pave the way for President Barack Obama to conclude a major Pacific trade agreement with rare Republican help, but the measure is triggering a fight within a Democratic Party increasingly ...

Fed Is Expected to Shift on Muni Bonds

TODAY: April 19, 2015 PUB DATE: April 17, 2015

By Andrew Ackerman And Victoria McGrane WASHINGTON--In a change of heart, the Federal Reserve will allow big U.S. banks to use some municipal bonds to meet new rules aimed at ensuring they have enough cash during a financial-market meltdown, according ...

European Prices Fall for Fourth Month

TODAY: April 19, 2015 PUB DATE: April 17, 2015

Consumer prices across the European Union fell for the fourth straight month in March, but at a slower rate, a sign that the threat of a slide into deflation is easing as central banks launched new stimulus measures and energy ...

German Bonds Near New High on Greece Fears

TODAY: April 19, 2015 PUB DATE: April 17, 2015

By Josie Cox German government bonds continued to hover around record highs Friday, buoyed by the European Central Bank's commitment to stimulus, coupled with investors' appetite for low-risk assets in the face of growing concerns over the future of Greece. ...

European Stocks Tumble as Greece Crisis Roils Markets -- 4th Update

TODAY: April 19, 2015 PUB DATE: April 17, 2015

By Josie Cox and Andrea Tryphonides European stocks tumbled Friday and German government bonds traded at record low yields, with Greece's debt crisis continuing to roil markets. The Stoxx Europe 600 index fell 1.5%, with the subindex of banking stocks ...

Coke Acquires Chinese Drinks Business--Update

TODAY: April 19, 2015 PUB DATE: April 17, 2015

By Prudence Ho And Chester Yung HONG KONG-- Coca-Cola Co. has agreed to buy a Chinese drinks business, its first attempt to buy a mainland firm after a high-profile rejection by Beijing of its bid for a maker of juices ...

China Premier Urges Banks to Step Up Lending -- Update

TODAY: April 19, 2015 PUB DATE: April 17, 2015

BEIJING--China's Premier Li Keqiang urged banks to step up their efforts to support economic growth, while encouraging them to roll over loans when needed. During visits to two of the country's big state banks, Mr. Li said China's economy is ...

U.S. Consumer Prices Up 0.2% in March

TODAY: April 19, 2015 PUB DATE: April 17, 2015

WASHINGTON--U.S. consumer prices increased for the second consecutive month in March after falling through much of the winter, a sign that U.S. inflation may be stabilizing. The consumer-price index, which reflects what Americans pay for everything from sneakers to airline ...

Greek Bailout Talks to be Held Saturday

TODAY: April 19, 2015 PUB DATE: April 17, 2015

By Gabriele Steinhauser BRUSSELS--Greece and the institutions overseeing its bailout will resume technical talks on the country's overhaul plans Saturday afternoon, a European Commission spokeswoman said Friday. Meetings of the so-called Brussels Group--which in addition to the commission and Greek ...